I was reading a blog post that talked about how the downturn that occurred in Europe in the late thirties was devastating and that investors were wiped out, never to recover again. What factors are present in the US that may bring about a similar situation?
- Sovereign debt crisis is one..
- Others?
Counter point to the first one - USD is still a reserve currency and US is still an economic powerhouse. The US still has international competitiveness? The US can always debase its currency to be in a better borrowing state?
Interested in this question because everyone gets scared and pulls out money if they think the future is bleak, time and time again, the future isn't as bleak but there is potential for black swan events that may place the US in a late thirties Europe situation.
Submitted March 31, 2019 at 07:49PM by snailmailz https://ift.tt/2Va8MwD
